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A company borrows 50,000 AED to finance a new equipment installation with an interest rate is 9.5% per annum and a repayment period of 5

A company borrows 50,000 AED to finance a new equipment installation with an interest rate is 9.5% per annum and a repayment period of 5 years.

Determine the following two values:

The value of the total repayment at the end of the 5 years

The average monthly repayment value

For the following two cases:

Simple interest is applied.

Compound interest is applied.

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